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Nissan’s Historic Oppama Factory Faces Uncertain Future Amid Global Cutbacks

May 29, 2025 00:34 am UTC| Business

Nissan (OTC:NSANY) is reportedly considering shutting down its iconic Oppama plant in Yokosuka, Japan, as part of a sweeping global restructuring plan under new CEO Ivan Espinosa. The move is part of efforts to cut costs,...

Nvidia Tops Q1 Estimates Despite $8B China Ban Impact on Outlook

May 29, 2025 00:11 am UTC| Business

Nvidia (NASDAQ:NVDA) surpassed Wall Street expectations in its fiscal Q1 earnings, even as it flagged an $8 billion hit to its Q2 guidance due to U.S. export restrictions on chip sales to China. Shares rose over 4% in...

Trump Demands $25M and Apology in CBS News Lawsuit Settlement Talks with Paramount

May 29, 2025 00:04 am UTC| Politics Law Business

Negotiations between Paramount Global and U.S. President Donald Trump over his defamation lawsuit against CBS News remain stalled, according to a recent report by The Wall Street Journal. Despite over a month of talks, the...

Trump Administration Moves to Block U.S. Chip Design Software Sales to China

May 29, 2025 00:04 am UTC| Politics Governance Business Technology

The Trump administration has reportedly instructed U.S. firms that provide electronic design automation (EDA) software, crucial for semiconductor development, to halt sales to Chinese companies, according to the Financial...

Moderna Faces Setback as Trump Administration Cancels Bird Flu Vaccine Deal

May 29, 2025 00:04 am UTC| Business Health Politics Governance

Moderna (NASDAQ: MRNA) announced Wednesday that the Trump administration has canceled a major contract for the late-stage development of its bird flu vaccine and the governments right to purchase future doses. The move...

FTC Requires Divestitures in $35B Synopsys-Ansys Merger to Protect Competition

May 29, 2025 00:04 am UTC| Business Governance Technology

The U.S. Federal Trade Commission (FTC) announced it will require Synopsys (NASDAQ: SNPS) and Ansys (NASDAQ: ANSS) to divest certain assets as a condition for approving their $35 billion merger. The move is aimed at...

Why some towns lose local news − and others don’t

May 28, 2025 14:41 pm UTC| Insights & Views Business

Why did your hometown newspaper vanish while the next town over kept theirs? This isnt bad luck its a systemic pattern. Since 2005, the United States has lost over one-third of its local newspapers, creating news deserts...

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Economy

Russian Stocks End Flat as MOEX Index Hits New 52-Week Low

Russian stocks closed largely unchanged on Sunday, with the MOEX Russia Index ending the session flat at 0.00% while marking a new 52-week low. The lack of movement across major Russian equities reflected a subdued trading...

France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi

France may remain stuck in a prolonged period of weak domestic demand, low inflation, and fiscal challenges as structural shifts in its labor market make the economy more vulnerable to high interest rates than other...

China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says

Chinas economy continued to show a sharp divide in May, with a booming artificial intelligence (AI)-driven manufacturing sector helping sustain growth while domestic demand remained weak, according to a recent research...

Trump Says No Hormuz Strait Tolls During 60-Day Iran Ceasefire

U.S. President Donald Trump announced Saturday that no tolls will be charged for ships passing through the Strait of Hormuz during the proposed 60-day interim ceasefire period with Iran. Trump also stated that no fees...

Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed

Russian stocks closed flat on Saturday, with the MOEX Russia Index ending unchanged at 0.00% and touching a fresh 52-week low during trading. The lack of movement across the market reflected cautious investor sentiment,...

Politics

US-Iran Talks Continue in Switzerland Despite Reports of Breakdown Amid Rising Regional Tensions

Diplomatic negotiations between the United States and Iran remained ongoing in Switzerland on Sunday, despite reports from Iranian media claiming Tehran had suspended participation following fresh military threats from...

Keir Starmer Faces Growing Pressure as Andy Burnham’s Victory Sparks Labour Leadership Debate

British Prime Minister Keir Starmer is reportedly weighing his political future following Andy Burnhams commanding parliamentary election victory, a result that has intensified calls within the Labour Party for a...

Ramiro Valdes, Cuban Revolution Hero and Fidel Castro Ally, Dies at 94

Ramiro Valdes, one of Fidel Castros earliest allies and a prominent figure in the Cuban Revolution, has died at the age of 94, according to Cuban President Miguel Diaz-Canel. The announcement was made on social media on...

Andy Burnham Leadership Speculation May Boost FTSE 100 as Gilt Yields Rise

Andy Burnhams recent victory in the Makerfield by-election has sparked speculation about a potential future challenge to U.K. Prime Minister Keir Starmer, raising questions about the outlook for U.K. government bonds, gilt...

US Military Says Strait of Hormuz Remains Open Despite Iran Closure Claim

The U.S. military has rejected Irans claim that the Strait of Hormuz has been closed, emphasizing that one of the worlds most important oil shipping routes remains fully operational. Speaking to Reuters on Saturday, U.S....

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Google’s Open-Source AI Data Center Cooling Design Raises Commoditization Concerns

Googles newly introduced open-source liquid-cooling design for AI data centers is drawing attention across the data center infrastructure industry, with analysts suggesting it could accelerate the commoditization of...

John Jumper Leaves Google DeepMind for Anthropic Amid Intensifying AI Talent Race

John Jumper, the Google DeepMind researcher who shared the 2024 Nobel Prize in Chemistry for his groundbreaking work on the AlphaFold artificial intelligence system, has announced that he is leaving Google DeepMind to join...

Trump Says Anthropic No Longer Seen as National Security Threat

U.S. President Donald Trump said he no longer views artificial intelligence company Anthropic as a national security threat, marking a significant shift from his stance just a week earlier. The comments came during an...

Meta Seeks Legal Shield From Child-Harm Lawsuits Amid KOSA Talks

Meta Platforms is reportedly lobbying U.S. lawmakers to include legal protections for social media companies in the proposed Kids Online Safety Act (KOSA), a move that could significantly impact thousands of lawsuits...

SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow

SpaceX (NASDAQ: SPCX) shares extended their pullback on Thursday after a remarkable post-IPO rally, as investors locked in profits and questioned the companys lofty valuation. The stock, which dropped nearly 10% earlier in...